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Search Results 0 to 49 of about 566 (some duplicates have been removed)
MSNBC
Dec 31, 2012 10:00am PST
obama will be announcing a deal he will be speaking with middle class americans behind him, and he will send the message that if they do not act by john 1st, the average american will see their taxes go up by about $2,000, and it could ultimately wind up hurting the recovery, could wind up ultimately sending the economy back into recession. those are some of the themes i expect him to touch on. there are a lot of discussions going on behind the scenes with the president. the vice president, of course, in close contact with mitch mcconnell. he was brought into these negotiations yesterday. mitch mcconnell says he needs a dance partner. mcconnell said that in negotiations when they had all but stalled. vice president biden brought into the negotiations engaged, and he really did, it seem, at this point help to move the negotiations forward. the vice president has more than 30 years searching in the senate. 23 of those along side senator mcconnell. he certainly are on all sides are staying he has been a big help here, chris. >> as anyone who has ever sat in the senate gallery and watc
ABC
Dec 28, 2012 5:30pm EST
: president obama summoned congressional leaders to the white house today hoping for a deal to avoid the fiscal cliff. the power brokers have four days before the government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give
ABC
Dec 28, 2012 5:00am EST
morning washington," on your side. >> 5:30. trade ahead, president obama wraps up efforts to reach a deal with lawmakers in order to avoid the fiscal cliff. we will have details on this afternoon's key meeting. good morning, washington. it's friday, december 28. i am scott thuman. cynne simpson is off today. snow is on the way. let's cap to meteorologist jacqui jeras to find out if it is a fun amount. >> it is a fun amount. it's not today. it's overnight into tomorrow. today's a gray day for travel. 37 degrees right now. there is a breeze out of the north and northwest at 3 miles an hour. there is a wind chill factor this morning. it feels like 28 at dulles, 27 in gaithersburg, 24 in winchester, 28 in culpeper, 24 in fredericksburg. you will need to bundle up. you have plenty of time to prepare for this storm. it will be enough for a winter weather advisory in the potomac highlands and parts of west virginia where 4-6 inches could be possible at the highest elevations and maybe an inch or so adjust to the west of the d.c. area. partly sunny skies today. first, traffic with steve. >> we wi
FOX News
Dec 30, 2012 9:00pm PST
to stop this, this is obama's deal, now he owns it. >> but they need to do better with communicating that exact message, really, if you look at what's going on here, obama has been persistent and bullheaded saying, it's my way or no way and i think he can wants to go over the cliff to demonize and at the same time bullying the middle class. >> and in the short-term run, that it is inevitable that the democrats will say you guys, you republicans, you put us offer the cliff because you were defending your rich millionaire friends, it's inevitable they will say that and that's a winning political line in the short-run. and over that, however, and you ask where is the leadership from this president, where is it? >> and here, stuart. >> doesn't he agree with you. >> americans with funny accent. let me ask you this question, explain to me and to the american people out there right now why you need to protect millionaires tax cuts in two sentences? >> okay, if you tax people over $250,000. >> wait a second, okay. >> tax them over a million, you might bring in on the best of years, you might
CBS
Dec 31, 2012 7:00pm EST
bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making more
WETA
Dec 31, 2012 6:30pm EST
bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making more tha
ABC
Dec 31, 2012 6:00pm EST
washington. >> reporter: just hours before the midnight deadline to avert the fiscal cliff, president obama said a deal is within sight but not there yet. there are still some issues to be resolved. our most immediate priority is to stop taxes from going up on middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> reporter: senate minority leader mitch mcconnell and joe biden are leading the negotiations. the deal will increase the estate class, extend unemployment benefits and bring back higher clinton tax rates on high incomes. from households earning $20,000 to those earning $450,000 a year. this create lad divide within the party with senator tom harken saying he and other democrats may block a deal. >> the deal must be one that favors the middle class, the real middle class. >> reporter: some lawmakers are frustrated there's still no bill up for a debate. >> senator reid should put a bill mon the floor, let the americans see it not another deal made behind closed doors. >> reporter: another sticking point, how long to delay the sequester. pres
PBS
Dec 28, 2012 6:30pm PST
. fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: th
FOX News
Dec 28, 2012 3:00pm PST
november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on preventing taxes from going up. there are also massive spending cuts coming. no idea how they will avert that. he also did not mention the debt ceiling. earlier they wanted lifting the debt ceiling included. now it's clear it's not in the short-term package that guarantees if they get a short-term deal here, we have major budget battles coming. >> the key to any good negotiation each side has to give up something. near and dear to their heart. what is it, as succinctly as you imagine, both sides have given up? >> both sides say the president started on threshold of tax cut of $250,000. negotiations with boehner he moved to $400,000. not if you have for boehner. he wanted it to be $1 million or more. that is something that can beer worked on. spending cuts the republicans wan
FOX News
Dec 30, 2012 7:00am PST
was just reporting. president obama says either a deal is reached or you vote on the short-term stop gap measure. if republicans fail to pass it i'm summarizing it's their fault. so the president kind of tossing the ball into the republican's camp, placing blame on them. in your opinion s that presidential leadership? >> the republicans have gone after the president that he has deferred to congress on this is that he was unable to strike a deal between -- with speaker boehner and now it is to reid and mcconnell. on one hand, obama is criticizing the congress but also giving them the responsibility to come up with a deal. this is on his watch. obama does not want this going into next year. he wants to move quickly on immigration and energy and maybe gun control. so, but he has not been able to strike a deal with the speaker and that is -- you know, takes two to tango, both have to compromise. both have failed repeatedly on getting a debt deal both in the summer of 2011 and now. how to it is up to the senate which up until recently has been shoved to the side. can they come to the rescue.
MSNBC
Dec 30, 2012 3:00pm PST
to get to a deal. in some sense, i think the republicans got played a little bit, because president obama was the first one to introduce chained cpi, social security cuts into the conversation. and then democrats just erupted today when republicans reintroduced them. as they should have, because social security cuts are -- they don't contribute to the deficit, they're not part of the sequester. so it's unclear why they would be part of the bargain. and it's not social security this would hit, it would hit veterans and spouses of soldiers who died in combat. so if that's the way congress thinks it ought to balance the budget, by cutting the pensions for widows of soldiers, that's where we are now. >> chris, i respectfully disagree with ryan here. yes, there's a lot of pessimism among reporters here, but at the end of the day, when you talk to staffers in democratic and republican circles, all sides want to extend middle class tax rates. that rate discussion, to get to a threshold, $250,000, hopefully 400,000 if you're a conservative or republican, that is going to drive the deal. so the qu
NBC
Dec 31, 2012 4:00pm EST
with middle-class americans whose taxes would rise at midnight, president obama announced a possible deal. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it's not done. >> reporter: sources say taxes would rise on income over four to five hundred,000, which the president sees as a big win for him. >> keep in mind just last month republicans in congress said they would never agree to raise tax rates on the wealthiest of americans. obviously the agreement currently being discussed would raise the rates and raise them permanently. >> in democrats are not applauding. they taye the president promised tax hikes bon 250,000. >> i think that's grossly unfair. >> reporter: senate republican lead egg mitch mcconnell made the tax deal with vice president joe biden. >> let's pass the tax relief portion now. >> reporter: a hang upis automatic defense and other spending cuts that kick in at midnight. democrats want a two-year postponementment. the cost covered by the new tax hikes. the president scoffed at republican demands for deeper spending cuts. >> shove o
FOX
Dec 29, 2012 11:00pm EST
together and get it solved. >> reporter: a combination will kick in on january 1st. if no deal is made, president obama will press congress to vote on a plan c, one keeping tax cuts in place for most americans. in washington, mike emmanuel, fox news. >> when it comes to the spending cuts, critics are more concerned. they will be cut by $50 million what will be cut is undetermined. >> it's going to affect the operational force that is deployed in terms of its ability to maintain its equipment and to get repair parts and that forces on force is deployed around the world. not just in afghanistan but being reduced. it would impact the training of the force. >> whatever happens, citizens won't so any trouble if congress doesn't act by the new year. they have a few days to act. >>> fair cocks county police made an arrest. the 22-year-old is facing murder charges for stabbing 19- year-old xavier stringfellow to death. the bloody was -- the body was found in the car. the police say the two men didn't know each other before meeting up. >> and what happened or why. you have to look at all the po
MSNBC
Dec 31, 2012 12:00pm PST
with the deal and probably necessary for obama to do that for confidence among democrats that that is deal worth getting behind because i was hearing griping and still am about obama giving aaway too much and almost had to do that, i feel. one of the reasons democrats are pessimistic about this is debt ceiling doesn't look like it's a part of this. we came in to the negotiations with obama saying we are going to get a permanent fix to this -- permanent end to the brinksmanship in the deal and now a two-year end and now no deal and democrats say obama just defacto negotiated and the republicans know it and we have a crisis on the hands a month from now. >> well, we will have another crisis on the hands a month from now and back here staying up in the capitol late trying to figure out what the deal is. the president said today that if it comes down to that, it's not just spending cuts but there will be revenue in there, as well. but, you know, what's the leverage then? there's an interesting question. so, it will be deja vu all over again to quote a recent speech i heard. we have to see. >> michae
ABC
Dec 28, 2012 11:00pm EST
are waiting to hear if there's a deal in washington. tonight president obama addressed the country in talkses to. there's still no answer, but tonight the president says work is being done. >> congressional leaders left the white house today without a deal to avoid the fiscal cliff. but the leaders and the president are still trying. >> i'm modestly optimistic that an agreement can be achieved. let's make sure that middle class families and the american economy and in fact the world economy isn't adversely impacted because people can't do their jobs. >> reporter: harry reid and mitch mccono agreed to spend the weekend working on a fall back plan that can pass both chambers of congress. >> some people will not like it, but that's where we are. >> reporter: president obama is pushing for a stop gap measure that would at least avoid tax increases on people earning less than $250,000. frustration is growing. a simple stop gap percent is not what men -- measure is not what many in washington hoped for. many blame president obama for the collapse of a bigger deal that would reduce spending and cut
CNBC
Dec 28, 2012 7:00pm EST
in washington. there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the program, but the market's very unhappy. we do have some good news to report tonight. looks like at least one cliff has been averted for the time being. the so-called container cliff. the union that represents dock workers and u.s. maritime lines came to an agreement today to extend their current contract for 30 days. this is a big relief now for the retail industry and consumers who were staring at real destruction again for the supply chain. here now is jonathan gold and he's vice president of supply chain and customs policy for the national retail federation. jonathan, good to see you. >> miche
MSNBC
Dec 26, 2012 6:00am PST
following president obama's announcement that he would cut his vacation short to deal with fiscal cliff negotiations. hoping that the real estate market would bolster the economy in 2013. we are learning that holiday sales this year were the weakest since 2008. they had a grim outlook for a fiscal cliff deal and the impact of the tragedy in newtown. on the radar this morning, chilling details in the christmas eve firefighter ambush. we could find out soon who will be saying aloha to the senate and a broken record in the house of representatives. new details out of webster, new york. william spangler set a car and house on fire and ambushed firefighters, opening fire on them as they arrive on the scene. police found a note he left behind saying he wanted to burn down the neighborhood and do what i like doing best, killing people. a convicted felon who spent 17 years in prison for killing his grandmother with a hammer was armed with three firearms including a bushmaster, the same gun used in the school massacre. he may have killed his sister and the home had human remains believed to be h
MSNBC
Dec 29, 2012 2:00am PST
and said he was modestly optimistic about a deal on taxes. meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good and constructive discussion here with the leadership about this tax hike on the middle-class. i am optimistic that we can reach an agreement that will be passed in both houses. if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor and up or down vote for the floor, and i believe a p proposal could pass both houses with majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to be be the big news of the day, and isn't this what the white house wanted all along? >> well, it is. it is prp's way of sayi
MSNBC
Dec 28, 2012 6:00pm PST
obama. mr. boehner said he wanted to deal along the lines what the two men had negotiated, summer of 2011, in the fight over raising the debt ceiling. "you missed your opportunity on that," the president told him. cold. but what we know right now, what we know from that is that john boehner wishes he could go back in time, get in the time machine, go back to 2011, and get the deal that president obama offered him then. mr. boehner wants another bite at that 2011 deal, because back then, the president was offering to stop at $800 billion in new taxes. my prediction here right now is that in a few weeks or a few months, republicans are going to wish they could go back to 2012, right now, and get the deal president obama offered them a week ago, which only raised about $1.2 trillion in taxes. because here's what i think is going to happen now. if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cu
FOX Business
Dec 31, 2012 1:00pm EST
from a bad deal they have a lot more power going into 2013 in that, basically president obama is going to have to deal with them on the debt ceiling. why not negotiate from a position strength in 2013? any tax increases now are retroactive, rather than give in and basically do great harm to your brand in the near term in return for nothing? ashley: basically what lesson do we learn, john, if we indeed take your advice and walk away or republicans walk away and just fall off the cliff? >> well the lesson we learn americans will still get up on january seg and go to work because what is they're going to do. the other lesson we'll learn from this is the politicians, whether republicans or democrat live to spend your money. so anytime they're not passing laws in haste, we're much better off. ashley: very good. leave it at that. john tamney, forbes opinion editor. joining us from the place with folks under the might be scope, d.c. john, thank you very much. >> thank you very much. ashley: markets holding their ground up about 57 points. even as time slips away from washington. shibani: trad
FOX News
Dec 25, 2012 3:00pm PST
. washington did not get a fiscal cliff deal for christmas so that means president obama and lawmakers will need to kick it to overdrive to get something done by new year's. this is easier said than done. >> after weeks of bitterness, this is not a contest of the parties between who looks good and who doesn't. >> the only thing both sides agree on now is christmas may provide a cooling off period. >> ebb can drink eggnog. have christmas cookies. sing christmas carols. enjoy company of loved ones. >> hope springers eternal. >> when the christmas trees come down tomorrow from waikiki beach and elsewhere, the nation will be staring at the cliff that economists warned could spark a new recession. the fact is both sides are further apart than the holiday messages suggest. this puts the speaker in a box leading to collapse of plan "a" of $4 trillion debt deal and the slimmeded-down plan "b." >> in the course, i offered to compromise with republicans in congress. i met them halfway on taxes and more than halfway on spen spending. >> boehner is saying that the stumbling block will lead to taxe
FOX News
Dec 28, 2012 1:00pm PST
trillion worth a long-term liabilities by the time mr. obama leaves office. this is the time to deal with this issue. we've been kicking it down the road ten years. we promised the nation in 2011 under the budget deal with the sequesters we would not let this get away from us. we shouldn't this time. for mr. obama to suggest i've cut a trillion in spending because he saved money on the wars in afghanistan is gimmicks. they a work. >> i have to be honest, it's both sides. it strikes me these lawmakers on either side don't have a real fix to what we're looking at, the national debt, screaming out of control. we're going to exceed that limit on monday night. >> i wouldn't disagree but look at the facts. we did have a republican controlled congress that passed a bill. if reid didn't like the bill, let it go for debate. let his senate vote it down and say no, we're not going to accept these conditions. >> let me ask you this, then. interesting question. president obama gets his own deal, sends it over to the republicans, they have the same dilemma. >> well, they may. but i think you would
FOX News
Dec 26, 2012 2:00pm PST
boehner an obama get close to a deal, president obama moves the goalpost back. >> kimberly: he is playing hard ball. this is the problem. he is going hmm to you, republicans. i don't care about that. that is nothing. i get that for free. he is the guy changing the play for his side. what about the right? >> juan: the american people. look at the poll, they think president obama is willing to compromise. >> andrea: which is ironic. [ overtalk ] >> juan: who are the obstructionists? it's my ideology, i can't negotiate. even if we go off the cliff, endanger the whole economy. >> greg: here is thing. the idea of adhering to a principle in this world is seen as extremism, trying to limit government and cutting taxes. what obama is able to do is shift the argument from cutting and spending to now spending and borrowing. cutting is part of it. >> eric: leave it there. coming up, the day after christmas. you know what that means? all the bad gifts are going back. tell you what the five of us got from san. the plus, this woman says she was fired from her job for from being too sexy. her boss could
FOX News
Dec 31, 2012 2:00pm PST
, where christie went and embraced obama. that was a big deal. he was the main people surrogate for romney campaigning in the election for him to validate and say hey, this guy is doing a great job. didn't help days before the election. >> eric: big story. sandy. christie. two big stories. >> kimberly: yes. >> eric: juan, what about you, sir? actually i don't think there is any -- >> juan: i don't think there is any question. the big story of the year was the election. the big story here is the change in the way technology, media treats an election. i remember the debate. the first debate. won by romney. the way i was looking at it. obama is not doing bad. not doing great but basically you got to knock out the champ to beat him. it didn't see a knock-out. all my friends like sean hannity, i sit next two on twitter and they're scoring the debate minute by minute, everything going on in social media. in that case, romney was the winner. that's true with fundraising. each campaign raised $1 billion. how much money is that? for what? >> andrea: how could you think that obama was doing just oka
FOX News
Dec 30, 2012 7:00pm PST
not be tonight. >> president obama putting pressure on lawmakers to reach a deal. mr. obama making remarks about the fiscal cliff aired it earlier today. he put much of the blame on shoulders of the republicans if no deal is reached. the gop fired back saying the president should lead right now not cast blame. correspondent s henry is live from the white house. >> he is frustrated going on a talk show today in the middle of the negotiations. he has not been on one of the programs since 2009. he felt it was important to get the message out there. you are right he was pounding the same message again and again f. we go up the fiscal cliff for not meeting them halfway. >>> not because democrats and congre congre congress don't want to go ahead and cooperate but i think it has been hard for speaker boehner and republican mcconnell to accept the fact taxes on wealthiest should go up a little bit sweas well as a deficit reduction package. if they can't say yes to good offers i have an obligation to make sure the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >>
ABC
Dec 29, 2012 5:00pm PST
, president obama is confident a deal will be reached. the president said in this weekly address, agreement won't be easy but politics can't get in the way. >> we just can't afford a politically self-inflicted wound to our me. the economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> ama: top senate republican mitch mcconnell arrived on capitol hill. >> we work hard to see if we can get there in the next 24. i'm hopeful and optimistic. >> ama: senate leaders hope to have a bill to vote on by sunday. the house returns to washington sunday evening and could vote on the senate version. >> ahead, demands for justice in india. a woman dies of a brutal attack there. how the nation is standing up in support of her. >>> also, a lawyer says he is going to sue for millions in the connecticut school tragedy. why he claims he is taking legal action. >>> we did have some sunshine today, and but chilly temperatures, sunshine, and rain >> ama: six men in india could face the death penalty if convict of murder charges filed in a rape case that spa
NBC
Dec 29, 2012 11:00pm EST
capital, trying to hammer out a last-minute deal. president obama pushed lawmakers to act. >> we cannot let washington politics get in the wake of america's progress. >> the president met with top party leaders friday calling on them to allow a vote on his plan would raise taxes on those making more than $250,000. >> i believe such a proposal could pass both houses with majorities, as long as these leaders allow it to come to a vote. >> roy blunt delivered the response, criticizing the president's proposal. >> the president's proposal to raise taxes on the top 2% will not only pay 1/3 of the interest owed on this massive $16 trillion debt. >> sources say senate leaders harry reid and mitch mcconnell are drafting a small stopgap plan that could include extending unemployment insurance, protecting 30 million americans from paying the alternative minimum tax, and allowing tax rates to increase on the wealthiest americans. but the issue remains a major sticking point, with many republicans resisting any tax increase. economists says the last minute product -- a process called into question
NBC
Dec 26, 2012 5:00pm EST
back and work on a deal. any deal may be a short-term fix. president obama will be leaving forwarmth of yhawaii washington. there is no specific deal on the table. democrats blame republicans for not agreeing to end tax cuts for the wealthiest americans. >> we're not going to let the rich pay one dime more. there is something awfully wrong with that picture. the american public is seeing that. >> republicans will not agree. they see there may be room for compromise. >> i know i am not in the majority and the red states annett -- in the senate. we have to sit down and hammer something out. >> if no deal is reached, americans will see their income taxes go up. 2 million peoplwill lose their jobless benefits. $110 billion in spending cuts will hit federal agencies. analysts predict fewer companies will hire. >> that level of activity will translate into consumption, lack of business investment, supporting as moving toward an economic contraction. with only the senate returning thursday, president obama will likely turn to his allies. -- to his allies, harry reid, to craft a deal. >> a n
FOX News
Dec 28, 2012 2:00pm PST
million. this looked like president obama coming back with the same deal at 250. they are miles apart. >> kimberly: you were able to speak to people on the hill. what was your reaction? >> andrea: the president spread the stories that he will come to the table with a deal. swan dive off the fiscal cliff, hold your nose. we're going off. president obama wants to us go off hecht will come back with a largeer plan. the obama tax cut. then he will be able to reintate across-the-board sequestration cuts. 8.2% across the board. cut defense and health. they will be able to reintate a lot of programs and give his caucus the opportunity to say look, i am voting for something. i am voting to restore tax cuts for the middle class. voting to restore great thin things. republicans are in a tough position. no one will say vote to restore the tax cut for rich. this is his game plan from day one. >> eric: what is the a terptive? $250,000 and above? we see obama not oftenning cuts at all. looking for spending. >> kimberly: managing the message very well. conciliatory. >> andrea: boehner did -- boehner
PBS
Dec 28, 2012 4:30pm PST
.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> port: thpresident declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have
CNBC
Dec 27, 2012 4:00am EST
around the world. president obama and congress return to work today with little progress seen on a deal to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take
FOX
Dec 28, 2012 10:00pm EST
and the republicans to do a deal with obama. the simple reason, tom, obama will not agree to any significant spending cut. so why give him any kind of a grand bargain that the press will give him credit for and he can end the year as some kind of victorious guy? if you look at the u.s. deficit is about $4 trillion a year. these tax increases cover about 400 billion. that's 9 or 10%. that's. it the rest of this battle is over entitlements. i mean the democrats could solve this whole thing simply by agreeing to a minor increase, just a two year increase. >> the president did put that on the table and the republicans reject that. the real issue here is there going to be a self-inflicted wound to the economy? the uncertainty here. either way taxes on the wealthy are going up. they'll go up under a deal approved in the last hours which may or may not happen or if it doesn't, there's no deal, then we go over the so-called cliff and the tax goes up there. so either way taxes are going up. >> if the president wanted a deal on entitlements, all he has to do is raise the age from social security to 65 to 67, m
CNBC
Dec 31, 2012 1:00pm EST
are still awaiting president obama to see how things are taking shape on parts of the deal for washington. back in two minutes. sfls welcome back to prounch. in just a few moments the president will take to the foed poed yum there to talk about the fiscal cliff negotiations. john, you have outlined what we believe are some of the components of this possible deal. given what you know, which side gave more at this point? >> i think everybody is giving. look, the president wanted, and democrats wanted, having campaigned on it, $250,000 threshold for family income for the return to the clinton jer gentleman tafrm rates of 39.6. republicans didn't want tax increases on anybody. democrats wanted more on estate tax. they are getting it. not as much as the president proposed in his budget. so the magic of these deals is that everybody can describe something as victory. and if we get it, if democrats ultimately can come to an accord with republicans on the length of the deferral of the automatic across the board cuts, that's the final key. and somebody's going to have to give on that. democrats ar
MSNBC
Dec 30, 2012 12:00pm PST
interview president obama said compromise will be a key to making a deal. >> it is very important for republicans in congress to be willing to say we understand we are not going to get 100%. we are willing to compromise in a serious way. >> senate leaders hoped to send a plan right about now. the talks have broken down. listen to what senate leader said on the floor a short while ago. >> now, i'm concerned about the lack of urgency here. i think we all know we are running out of time. this is far too much at stake for political gamesmanship. the consequences of this are too high for the american people to be engaged in a political messaging campaign. i am interested in getting a result here. >> we have been trying to come up with some counteroffer to my friends' proposal. we have been unable to do that. i had have had a conversation with the president and that this stage we are not able to make a counteroffer. >> what happens now? with us is cello o'donnell and kristen welker. >> we are sort of at a pause point. if you are looking at the tone of these leaders what is i think optim
MSNBC
Dec 29, 2012 12:00pm PST
the senate. so what obama is saying, if harry reid and mcconnell do not get a deal, well, that means that a deal would signify that it is filibuster proof. they'd have a super majority. democrats have the majority so you would think why don't they just vote together, pass it and move on to the house, but the dare is that obama's saying do you really want to show to all of america, republican senators that you're going filibuster a bill and everybody's taxes will go up? how do you explain that when there are -- when there is a majority around who can fas? that's a pretty interesting dare that obama put out there. >> thank you, it's like a little school house rock on saturday afternoon here on msnbc. perry, if mitch mcconnell does make a deal, how does he sell that deal in kentucky and the reddest of red states, mind you? >> i think he can and the reason is, like i said, i think any deal he signs on to will be a deal 100, 120 house republicans will sign to. he's not going sign a deal by himself and he'll sign a deal that's acceptable to some conservatives and mitch mock connell has a h
LINKTV
Dec 27, 2012 5:30am PST
a deal before next year, obama and democrats have the upper hand. >> they know that the polls are on their side, that a majority of americans would blame the republicans for the failure, and they know that -- they say president obama was just reelected on a mandate to raise taxes on the stockton% of income earners and the republican party is dead set against tax increases. -- on the top 2% of incoming earners. he wants to raise taxes on folks making more than a million dollars, but that was not enough for democrats and that was too much for lot of republicans. the republicans in the house are the ones who endangered the speaker's efforts to cut a compromise deal. the democrats know that they are the ones that have the upper hand in the fight and if we go into the new year, a new congress will be sworn in. democrats will have more seats in the house and the senate and they feel they will have a better chance of getting a deal on their terms in 2013. >> in the dying days of 2012 it looks like japan pose a new leader has injected a local, at least financially. he's had his first
PBS
Dec 28, 2012 6:00pm PST
for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several participants were seen leaving. >> and back at the capital the senate's democratic majority leader harry reid and republican minority leader mit
NBC
Dec 31, 2012 6:00pm EST
to the floor. >> in an afternoon briefing, president obama said he will not accept the deal that slashes spending without raising taxes, too. >> if they think that is going to be the formula for how we solve this thing, that is not how it is going to work. >> republicans reacted this way. >> i know the president has done heckling congress. i think he lost probably numbers of boats. >> he laughs and jokes and ridiculed republicans. >> both sides still have to sell any deal to their rank and file, and some democrats were not pleased. the senate may or may not vote on this tonight, but the house is adjourning and would vote on this tomorrow at the earliest. so technically, at least, the nation goes over the cliff at midnight. sally kidd, wbal-tv 11 news. >> maryland could lose hundreds of millions of dollars and tens of thousands of jobs if america does go over the fiscal cliff. researchers estimate maryland will lose millions in federal funding next year, money already in the state budget. an october report also estimates 53,000 full and part- time jobs would be lost in 2013. the state wou
FOX News
Dec 26, 2012 6:00pm PST
%. >> what about this? every time bainner and obama gets close to a deal, obama moves the goalpost back. >> because he's playing hardball. he's going, republicans, i don't care about that, i get that for free. he's kind of the guy that came to play and staunch for his side. >> the american people, when you look at the policy, they think it's president obama who is willing to compromise. >> because he's able to fit it in. because he hasn't conceded anything. >> and who are the obstructionists? who is afraid to move? it's my ideology, i can't negotiate. and even if we go off the cliff we endanger the whole economy. >> again, the idea of add hearing to a principle sadly in this world is seen as extremist, which is trying to limit government and cutting taxes. what obama has been able to do is shift the argument from cutting and spending to now spending and borrowing. cutting is even part of it. >> we have to leave it there. coming up, it's the day after christmas. you know what that means? all the bad kids going bad. [laughter] >> let's tell you what the finalist got from santa. and this w
MSNBC
Dec 30, 2012 4:00am PST
was modestly optimistic about a deal on taxes. speaking in the white house briefing room, president obama condemned congress for failing to resolve its differences in in normal way. he held firm to middle-class tax cuts to families making $250,000 per year. joining me now from the white house is nbc's kristen welker. kristen, let's take a look at what the president said about what he expects from the senate. >> i just had a good discussion from house leadership about how to prevent this on the middle class. i believe we can reach an agreement. if an agreement isn't reached in time between senator reid and sno senator mccollum, i will reach to him. i believe such a proposal could pass both houses with bipartisan majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to be the big news of the day. isn't this what the white house wanted all along? >> well, it is and it's president obama's way of saying, look, vote on his basic proposal, the
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